State Auditor Diverts Sales Tax Revenue to Fund Columbus Audits
1 report, 1 independent
Updated 00:00
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What happened
The state auditor’s office announced it will divert sales tax revenue from Columbus to pay for delinquent annual financial audits. Columbus is one of six municipalities facing this diversion because it is three years behind on required audits. The office will hire an independent firm to complete the audits and charge the city for the associated costs.
From cdispatch.com
Why it matters
The diversion of sales tax revenue impacts Columbus' municipal finances. The state auditor's office is using its authority to force the city to complete audits, despite the Columbus City Council having previously approved engaging Watkins, Ward and Stafford for Fiscal Year 2024.
From cdispatch.com
Who's involved
- ColumbusThe city whose delinquent audits are being funded by diverted tax revenue.
- StaffordThe firm historically used by Columbus for auditing services.
- Columbus City CouncilThe governing body responsible for the administration and policy of Columbus.